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    1665 Alum Rock Ave San Jose, CA 95116
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    Property profile & analytics

    1665 Alum Rock Ave San Jose, CA 95116

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    • Commercial real estate
    Off-Market
    Property ID
    US10-2718826
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • City Motor Sales / Car Dealership
    • Magic Retreat / Cosmetic Store
    • Fender Rolling & Vinyl Wraps @Mrfenderroll / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Cesar's auto glass / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • Frontrow Raw Artist && Graphics / Marketing & Advertising / Advertising Agency

    Property Details for 1665 Alum Rock Ave

    Property type
    Commercial real estate
    APN
    481-12-109

    Description

    This exceptional 20,716 square foot vacant lot in San Jose, CA presents a remarkable development opportunity. Located at 1665 Alum Rock Ave, 95116, this cleared site boasts approximately 90 feet of frontage on Alum Rock Avenue and benefits from its proximity to major transportation arteries, including US 101, Interstate 680, and the future 28th Street/Little Portugal BART station (0.6 miles). Convenient access to VTA bus routes (including BRT Route 522 and routes #22, #23, and #77) further enhances its appeal. The property is zoned as an Urban Village, falling within "Area B" of the Little Portugal Urban Village Plan, allowing for a diverse range of commercial uses such as retail, office, and medical facilities. Development guidelines specify a 70-foot height limit. Mixed-use projects must adhere to minimum density requirements (55 du/ac) and a maximum FAR of 10.0. Residential-only projects have a density range of 55 to 250 du/ac. Market-rate residential developments require a 0.35 FAR of commercial uses, while 100% affordable housing projects may be exempt. Density bonus projects (e.g., 15% affordable/85% market rate) could potentially reduce or eliminate the commercial requirement. The asking price for this strategically located property is $2,350,000. APN: 481-12-109.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8568502
    Latitude
    37.3526442

    Comparable in this City

    • $1,488,888

      San Jose Fourplex Opportunity

      Four-unit property near parks, dining, and entertainment.
      855 Jeanne Ave, San Jose, CA 95116
      View Details
    • $5,195,000

      San Jose Multifamily Investment Opportunity

      20-unit multifamily portfolio in East San Jose with income upside.
      723 Forestdale Ave, San Jose, CA 95116
      View Details
    • $260,000

      San Jose Duplex For Sale

      Duplex with 3 beds, 2 baths, and new flooring.
      1500 Virginia Pl, San Jose, CA 95116
      View Details
    • New
      $1,100,000
      1,352 SF

      San Jose Duplex Opportunity

      Duplex in historic Little Portugal near planned BART station.
      San Jose Ave, San Jose, CA 95116
      View Details
    • Contact for pricing
      10,260 SF

      San Jose Apartment Building For Sale

      13-unit apartment building with assumable financing and upside potential.
      445 26Th St, San Jose, CA 95116
      View Details

    Similar Nearby for Sale

    • $1,488,888

      San Jose Fourplex Opportunity

      Four-unit property near parks, dining, and entertainment.
      855 Jeanne Ave, San Jose, CA 95116
      View Details
    • $5,195,000

      San Jose Multifamily Investment Opportunity

      20-unit multifamily portfolio in East San Jose with income upside.
      723 Forestdale Ave, San Jose, CA 95116
      View Details
    • $260,000

      San Jose Duplex For Sale

      Duplex with 3 beds, 2 baths, and new flooring.
      1500 Virginia Pl, San Jose, CA 95116
      View Details
    • New
      $1,100,000
      1,352 SF

      San Jose Duplex Opportunity

      Duplex in historic Little Portugal near planned BART station.
      San Jose Ave, San Jose, CA 95116
      View Details
    • Contact for pricing
      10,260 SF

      San Jose Apartment Building For Sale

      13-unit apartment building with assumable financing and upside potential.
      445 26Th St, San Jose, CA 95116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,433 SF

      Fenced Yard Near Highway 101

      Commercial land with power, water, and highway access.
      224 North 27Th St, San Jose, CA 95116
      View Details
    • Contact for pricing
      33,500 SF

      Secured Yard Near Highway 101

      33,500 SF fenced yard with water and power.
      260 North 28Th St, San Jose, CA 95116
      View Details
    • $0.43 SF/Yr
      8,500 SF

      Land Available For Lease

      Land available for lease in San Jose, CA.
      2075 Alum Rock Ave, San Jose, CA 95116
      View Details
    • $2 SF/Yr
      1,186 SF

      Professional Office Suite for Rent

      Office suite featuring private offices, reception, and ample storage.
      1865 Alum Rock Ave, San Jose, CA 95116
      View Details
    • $3 SF/Yr
      11,500 SF

      Move-in Ready Medical/Professional Suites

      Versatile suites near Regional Medical Center, ideal for medical practices.
      244 N Jackson Ave, San Jose, CA 95116
      View Details
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    San Jose, CA 95116
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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